Comerica Bank Has $1.83 Million Stake in Green Dot Corporation (GDOT)
Comerica Bank reduced its stake in Green Dot Corporation (NYSE:GDOT) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,105 shares of the financial services provider’s stock after selling 3,242 shares during the period. Comerica Bank owned approximately 0.09% of Green Dot Corporation worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. bought a new stake in Green Dot Corporation during the 2nd quarter worth approximately $108,000. IFP Advisors Inc grew its position in Green Dot Corporation by 5,537.3% during the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 2,824 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Green Dot Corporation during the 1st quarter worth approximately $118,000. Asset Management One Co. Ltd. bought a new stake in Green Dot Corporation during the 1st quarter worth approximately $162,000. Finally, BTC Capital Management Inc. bought a new stake in Green Dot Corporation during the 2nd quarter worth approximately $209,000. Institutional investors own 77.52% of the company’s stock.
Green Dot Corporation (NYSE:GDOT) opened at 48.15 on Tuesday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 40.94 and a beta of 1.01. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $48.66. The firm has a 50-day moving average price of $44.59 and a 200-day moving average price of $37.69.
Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The business had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. During the same period in the previous year, the business earned $0.27 earnings per share. The company’s revenue was up 28.2% on a year-over-year basis. On average, equities analysts anticipate that Green Dot Corporation will post $2.05 earnings per share for the current fiscal year.
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A number of equities research analysts recently commented on the company. ValuEngine upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research report on Monday, August 14th. BidaskClub upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Cowen and Company restated a “hold” rating on shares of Green Dot Corporation in a research report on Thursday, August 10th. Finally, Deutsche Bank AG increased their price target on Green Dot Corporation from $37.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $41.33.
In other Green Dot Corporation news, General Counsel John C. Ricci sold 20,707 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $47.21, for a total transaction of $977,577.47. Following the sale, the general counsel now owns 91,163 shares of the company’s stock, valued at $4,303,805.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $47.62, for a total transaction of $380,721.90. Following the sale, the insider now directly owns 217,010 shares in the company, valued at approximately $10,334,016.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,171 shares of company stock worth $5,538,403. Insiders own 11.00% of the company’s stock.
Green Dot Corporation Company Profile
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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